Funding opportunity: MoMo4Climate
We share a potential funding opportunity with you. Projects can win 25.000 Euros, after sending their idea and winning the round of pitches for the MoMo4Climate panel in the Netherlands.
Find below more info and check the website well before you apply: http://momo4climate.org/about/the-challenge
Climate change will lead to a transformation of the world economy. It will pose challenges but will also create opportunities for business and new models for international cooperation. The question of finance is increasingly taking center stage in the debate on how to seize the opportunities and support countries in responding to the effects of climate change.
The Netherlands, with its strong financial sector and its know-how in the areas of clean tech, water and agriculture is in a unique position to create an innovative agenda for mobilising more finance for climate action in developing countries, while simultaneously seizing the commercial opportunities associated with the changes ahead. The challenge in the short term is how to ensure cooperation and translate these opportunities into concrete action and real investment on the ground.
Throughout the year proponents can submit ideas how to mobilise more private finance for climate mitigation and adaptation projects. The form to do this can be found here. To be eligible for MoMo funding a project proposal should meet the following preconditions:
- The project is focused on the clean-tech, food, agro, or water sector.
- There are one or more parties willing to take the lead in preparing and presenting the project, and eventually implementing it.
- The project’s intervention is aimed at a developing country and contains the involvement of at least one Dutch organisation
The MoMo secretariat, consisting of experts from the Ministry of Foreign Affairs, IUCN NL and ECN, assesses the proposals and selects the best ideas for a discussion with financial experts that manage public or private funds in the Netherlands. See here the composition of this expert panel. All projects submitted will get feedback on the financial quality of the proposal and advice on how to to perfect it. The panel may also provide the necessary contacts and expertise that can help in the realisation of your idea. Submitted project proposals are evaluated based on the following main criteria:
- The project holds the promise to mobilise substantial private investment in the next three years.
- The project has a clear, viable and innovative business case.
- The project has potential for up-scaling.
- The project contributes to climate change mitigation and/or adaptation.